How Does Gainsharing Help the Group as a Whole

question 65

Multiple Choice

How does gainsharing help the group as a whole?

• A) The high performers pressure weaker ones to work harder and improve overall performance.
• B) The high performers can help the low performers by taking on their responsibility.
• C) The new employees and low performers do not have a part in the overall gains accrued to the group.
• D) The group's overheads are distributed evenly across the group.
• E) The group's responsibilities are distributed evenly across the group.

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Definitions:

Partnership Form

A type of business structure where two or more individuals share ownership, profits, losses, and responsibilities for managing the business.

Oral Agreement

A contract that has been agreed upon by verbal communication between parties, rather than in writing, though its legal enforceability can vary by jurisdiction and the nature of the agreement.

Revised Uniform Partnership Act

Legislation aimed at governing the operation of partnerships within the jurisdiction it is adopted, updating and replacing the original Uniform Partnership Act.

Uniform Partnership Act

A set of laws adopted by some states to regulate the operations of partnerships and ensure uniformity in their treatment.